Key Points
. Narendra Modi has declared victory in Indias election but hell need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms...
. India boomed during Modis first two terms as prime minister, leapfrogging the United Kingdom to become the worlds fifth biggest economy and growing by 8.2% in the last fiscal year...
But the new government will need to make more big changes to sustain that pace if India is to become an economic superpower and a manufacturing rival to China.. ..
In the long-term, he sees the government focusing on job creation, manufacturing and improving ease of doing business.. . Indias so-called demographic dividend, the potential economic growth arising from a large working-age population, represents a major opportunity. Its vast consumer market and pool of affordable labor should continue to draw more attention from global brands and trading partners...
. India is still a strong story benefitting from democratic elections, a market-friendly government, attractive demographics, momentum out of China, and a unique digital stack, said Malcolm Dorson, head of emerging markets strategy at global investment management firm Global X.. . Investing in India is about much more than this election..
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